CrowdStrike and cybersecurity stocks hit 52-week highs

Cybersecurity and semiconductor testing stocks, including CrowdStrike, SentinelOne, and Aehr Test Systems, recently reached 52-week highs driven by bullish analyst targets and AI-related growth expectations.

CrowdStrike saw its stock hit a record $227.50 following price target increases from Oppenheimer and RBC Capital Markets. Oppenheimer raised its target to $250, while RBC Capital Markets lifted its target to $256, citing positive channel partner sentiment and strong demand for the company’s security platform. Despite recent revenue growth of 26% year-over-year and raised guidance, some analysts note that the company’s valuation has become stretched, suggesting potential volatility ahead of its upcoming Q2 earnings.

SentinelOne also reached an annual high after Oppenheimer raised its price target. Additionally, Aehr Test Systems hit a record high of $147.40, supported by momentum in testing orders.